Tyson Foods, Inc. (TSN), headquartered in Springdale, Arkansas, is a global food company and a recognized leader in protein. Valued at $21.25 billion by market cap, the company produces, distributes, and markets chicken, beef, pork, and prepared foods. Its products are marketed and sold under brands like Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp, and State Fair. The U.S. meat major is expected to announce its fiscal third-quarter earnings for 2024 before the market opens on Monday, Aug. 5.
Ahead of the event, analysts expect TSN to report a profit of $0.61 per share on a diluted basis, up 306.7% from $0.15 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on one other occasion. During the previous quarter, TSN’s beef segment, which happens to be its largest, grew for the first time in five years, registering a 2.8% year-over-year rise in volume.
